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Income Tax - Highlights / Catch Notes

Home Highlights March 2023 Year 2023 This

Status of assessee as "AOP" instead of "partnership firm" - The ...

March 4, 2023

Case Laws     Income Tax     AT

Status of assessee as "AOP" instead of "partnership firm" - The assessee firm was comprised of four individual partners who were representing their respective firms - There was no justification on the part of the lower authorities to have recharacterized the assessee firm i.e. a firm comprising of individual partners (representing their respective firms) as an "AOP". - AT

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